Noteworthy Rating Filing: ManTech (MANT) Is a Stock Maxim Group Is Wary of; Firm Downgrades It

November 30, 2016 - By Richard Conner

ManTech (MANT) Downgrade

Maxim Group decreased ManTech (MANT)‘s stock to a Hold rating from Buy. The ratings change was issued to investors and clients in a an analyst report today. The firm after the upgrade has a $44.0 target on the stock.

Mantech International Corp (NASDAQ:MANT) Ratings Coverage

Out of 3 analysts covering ManTech (MANT), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. ManTech has been the topic of 3 analyst reports since August 30, 2016 according to StockzIntelligence Inc. The stock has “Hold” rating given by Drexel Hamilton on Wednesday, November 16. The stock of Mantech International Corp (NASDAQ:MANT) has “Underperform” rating given on Tuesday, August 30 by Wells Fargo. Credit Suisse downgraded Mantech International Corp (NASDAQ:MANT) on Thursday, September 29 to “Underperform” rating.

The stock closed at $44.83 during the last session. It is down 36.76% since April 27, 2016 and is uptrending. It has outperformed by 31.53% the S&P500.

Analysts await Mantech International Corp (NASDAQ:MANT) to report earnings on February, 15. They expect $0.35 earnings per share, down 5.41% or $0.02 from last year’s $0.37 per share. MANT’s profit will be $13.58M for 32.02 P/E if the $0.35 EPS becomes a reality. After $0.38 actual earnings per share reported by Mantech International Corp for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.49 in Q2 2016. Its down 0.10, from 1.59 in 2016Q1. The ratio is negative, as 13 funds sold all Mantech International Corp shares owned while 38 reduced positions. 21 funds bought stakes while 60 increased positions. They now own 21.12 million shares or 1.71% more from 20.76 million shares in 2016Q1.

First Advsrs Limited Partnership last reported 0.01% of its portfolio in the stock. Systematic Financial Mngmt Ltd Partnership accumulated 0.03% or 48,930 shares. Teachers holds 38,340 shares or 0% of its portfolio. Schwab Charles Investment Mgmt Incorporated holds 0.01% or 191,964 shares in its portfolio. State Street Corp holds 0% or 517,836 shares in its portfolio. Ny State Teachers Retirement Systems accumulated 73,714 shares or 0.01% of the stock. Teachers Retirement Sys Of The State Of Kentucky holds 8,600 shares or 0% of its portfolio. State Of Tennessee Treasury Department holds 18,742 shares or 0% of its portfolio. Jpmorgan Chase & Com accumulated 23,353 shares or 0% of the stock. Neuberger Berman Gru Limited Liability Corp last reported 0% of its portfolio in the stock. Jacobs Levy Equity Mngmt has invested 0.05% of its portfolio in Mantech International Corp (NASDAQ:MANT). Robeco Institutional Asset Mngmt Bv has invested 0.06% of its portfolio in Mantech International Corp (NASDAQ:MANT). Rk Mgmt Ltd Liability accumulated 198,939 shares or 1.34% of the stock. Goldman Sachs Gp reported 144,095 shares or 0% of all its holdings. Public Sector Pension Invest Board accumulated 16,766 shares or 0.01% of the stock.

Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 10 insider sales for $5.12 million net activity. $25,842 worth of shares were sold by KERR RICHARD J on Wednesday, November 16. 10,000 shares were sold by Keefe Daniel J, worth $397,200 on Tuesday, August 9. 10,000 shares were sold by Bjornaas Judith L, worth $429,800. Another trade for 13,949 shares valued at $573,862 was sold by Phillips Kevin M. Shares for $593,700 were sold by Varner L. William.

ManTech International Corporation is a well-known provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation ; the space community, and other United States Government customers. The company has a market cap of $1.74 billion. The Firm offers an array of information technology (IT) and technical services solutions under contracts with the United States Government. It has a 30.17 P/E ratio. It supports national security missions and provides services to over 50 federal government agencies under approximately 1,000 contracts.

According to Zacks Investment Research, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide.”

MANT Company Profile

ManTech International Corporation (ManTech), incorporated on November 14, 2001, is a well-known provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers. The Firm offers an array of information technology (IT) and technical services solutions under contracts with the United States Government. The Firm supports national security missions, such as military readiness and wellness, terrorist threat detection, information security and border protection, and providing services to over 50 federal government agencies under approximately 1,000 contracts. The Company’s solutions and services include cybersecurity; software and systems development; enterprise information technology; multi-disciplined intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; supply chain management and logistics, and management consulting.

More news for Mantech International Corp (NASDAQ:MANT) were recently published by: Bizjournals.com, which released: “ManTech to pay $2M in damages to former employees alleging retaliation” on November 21, 2016. Bizjournals.com‘s article titled: “â€‹Will ManTech make that big acquisition after the presidential election?” and published on November 03, 2016 is yet another important article.